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France – ‘Solid momentum’ sees Partouche bounce back passed pre-pandemic levels

By - 20 September 2022

Groupe Partouche, a European leader in gaming, publishes today its consolidated turnover for the third quarter 2022 with ‘solid momentum’ and an improvement of 12.7 per cent seeing a return to pre-pandemic income level.

The third quarter of the current financial year (May to July 2022) marks the return to normal operation with all the group’s casinos now open and all health constraints lifted. For the record, during the third quarter of the previous financial year, activity was still largely impacted in all geographies (reception gauges, curfew then health pass in France, closure in Belgium until June 9, etc.) with the exception of Switzerland.

The third quarter was impacted by the sale of the stake held in the Crans-Montana casino on 31st January 31 2022, which generated GGR of €2.2m in the third quarter 2021, the end of the operation of online games and bets in Belgium and of the management of the Ostend casino since July 29 2021, which produced GGR of €26.1m in the third quarter 2021 and the entry into the Group of the casino of Middelkerke (Belgium) from July 1 2022, with an opening on July 8 2022 after some works with the casino producing GGR of €0.2m in the third quarter 2022.

Gross Gaming Revenue (GGR) increased by 10.8 per cent to €167.9m in the third quarter, compared to €151.5m a year earlier. This was up 11.9 per cent compared to the third quarter of 2019.

In France, GGR came in at €152.9 M, up 36.2 per cent, with slot machines and traditional games growing by 29.8 per cent and 67.3 per cent respectively. The GGR of electronic games followed the same trend up 36.1 per cent. Abroad, on a like-for-like basis, GGR rebounded by 35.2 per cent compared, driven by the ramping up of Swiss online games, whose GGR came to €2.9m compared to €1.6m in the third quarter 2021.

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